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Newtime Infrastructure to acquire 100% voting rights in MVERX

19 Jan 2024 Evaluate

Newtime Infrastructure has signed Share Purchase Agreement (SPA) with Shareholders of MVERX Technologies (MVERX) to purchase 100% voting rights in MVERX resulting which the MVERX has become 100% wholly owned subsidiary of the Newtime. Cost of acquisition is Rs 1.10 crore to be paid on acquisition of 10,000 equity shares of MVERX. 

Newtime Infrastructure is engaged in media-related software and production activities.

Peers
Company Name CMP
Larsen & Toubro 4139.00
Kalpataru Projects 1346.45
NCC 134.50
Rail Vikas Nigam 199.45
KEC International 333.55
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